We engage with and advise over 2600 medical professionals including GP Partners, Consultants, and Locums throughout the UK, offering a wide range of services ranging from financial planning to cloud accounting. Our aim is to build meaningful relationships with our clients while providing integrated and personal services which add value to your business. To see our full range of services and how we can help, click here.
Listen to the Medics Money podcast where our expert answers your questions on AA, LTA, private pensions and protection answered.
HMRC is contacting some medical consultants after receiving financial information from private healthcare providers. The letters ask recipients to confirm that their tax returns are correct or to consider making a voluntary disclosure.
A large number of NHS consultants, GP’s, and other scheme members were required to transition to the 2015 scheme in the years from 2015 to 2022. Following a lengthy court process this was deemed discriminatory against younger unprotected members in what has come to be known as the McCloud judgment.
The ‘Back to basics’ series has returned, with our experts, Lee Simmonett and Kelsey Ross, on hand to showcase how Xero can support your practice's financial needs, whilst answering any questions you may have.
On 19 December, Scottish Finance Secretary Shona Robison unveiled the Scottish Government’s 2024/25 budget plans in what she described as turbulent circumstances.
Join us at one of our in-person events designed to educate and empower Practice Managers in General Practice. We will cover a range of topics in relation to payroll, tax, cashflow planning and updates and recent developments within healthcare.
10/11/2023. 2022/23 and 2023/24 have been difficult years for General Practice as income rises have not kept pace with cost increases.
01/09/2023. Becoming a GP Locum can often mean a change in status from employed to self-employed. Have you considered everything from a tax and pensions perspective?
11/08/2023. Have you recently received correspondence from HMRC asking about your overseas assets, income or gains? If so, our specialist tax advisors have provided guidance on how best to proceed.
06/09/2023. Watch our webinar, where our experts explore how Basis Period Reform will impact your practice.
25/07/2023. If your practice is likely to be affected by Basis Period Reform (BPR) its important to know what your options are moving forward. Our team of experts have devised a series of FAQs to help answer a number of scenarios.
30/06/2023. If your practice year end is currently not in alignment with the tax year end of 5 April (or 31 March), then Basis Period Reform will impact you as an individual for tax and superannuation purposes.
09/06/2023. Generally, investing in a GP surgery has always been seen as a stable long-term investment and that position has not changed despite short term economic pressures.
28/04/2023. As a small business owner, there has been a long-standing ability to file reduced information on your business at Companies House. The Economic Crime and Corporate Transparency Bill is going to change this.
13/10/2022. Throughout November, we have hosted a series of webinars focusing on primary care networks & incorporation, general practice updates and mergers.
05/10/2022. As the cost-of-living crisis grows more and more, GP practices are asking the questions on everyone’s minds, mainly - how to deal with the issue of staff pay.
29/09/2022. From April 2024, the way in which unincorporated businesses and self-employed individuals are taxed under self-assessment will change.
04/08/2022. We recently worked with Airlie Medical Practice after they found that their business growth had impacted their processes. We worked closely with them to ensure a smooth transition from in house management to outsourcing.
24/05/2022. Our healthcare specialist, Andrew Pow recently joined the team at Medics Money for a podcast looking at the lives of rural GPs and the challenges they face on a daily basis.
10/05/2022. The role of the Practice Manager has changed significantly over the years with the increasing demands placed on practices by the pandemic, ever-changing funding streams and requirements of the NHS.
28/01/2022. The last 2 years have been an unusual time for all, but especially for the healthcare sector. Navigating through increased demands resulting from the pandemic, delivering the vaccination programme while upholding business as usual workloads and managing practices hasn't been easy.
Welcome to our winter 2022 healthcare newsletter. A lot has happened since our last newsletter – in the political arena and also within our firm.
In our latest addition of our Healthcare newsletter, we are excited to share our top tips to improve your cash flow. We will also answer some of the frequently asked questions that we receive relating to Xero.
In our Winter edition of the Healthcare newsletter, we delve into what reliefs are available that can save you money before 5th April, the tax traps you need to be aware of when gifting, the benefits of outsourcing bookkeeping services, how to tackle rising costs and finally, what NIC rises may mean for your practice.
This collection of articles will cover changes to the 2015 NHS Pension Scheme, the benefits of cloud accounting, HMRC nudge letters for those who have assets overseas, phishing attacks, Medics Money NHS pension masterclass, and final pay controls.
In this update, we discuss off-payroll working regulations, how HMRC's new proposed tax reforms may affect you as a self-employed individual or an unincorporated business, electric cars and their tax implications for the self-employed, inheritance tax planning, and cybersecurity.
In Autumn’s healthcare update, we have a look into annual allowance, the frequently asked questions around this subject and what the recent increased CPI inflation rate means for NHS pensions and tax.
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